Suppose in month t the annual nominal interest rate is it = 0.02 in the United States and it = 0.05 in Germany. Suppose further that in month t a speculator invests 400 million dollars in carry trade for one month. Let Et be the nominal exchange rate in month t, defined as the dollar price of one euro. Suppose that between month t and month t+1 the dollar appreciates by 2.8 percent. Find the payoff from the carry trade. Express your answer in dollars.